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On January 8, the Brazilian Economy Ministry announced that economist Cláudio Vilar Furtado (in the picture below) will be the new President of the Brazilian Patent Office (INPI). As part of a comprehensive reshuffle started by the new government, the Ministry of Industry, Foreign Trade and Services, to which INPI was formely attached, was recently incorporated by the Economy Ministry.

President Furtado INPIMr. Furtado holds a degree in Engineering from the Federal University of Rio de Janeiro (UFRJ), a Master’s degree in Business Administration from FGV, as well as a Master’s Degree in Business Economics and a PhD in Finance from the University of Chicago. He also holds a PhD in Administration from the School of Business Administration of São Paulo (EAESP-FGV).

Mr. Furtado has been a professor at EAESP -FGV since 1974, teaching undergraduate and postgraduate programs in the areas of Investment Strategy, Corporate Finance, Private Equity and Venture Capital. In 2003, he created the Private Equity and Venture Capital Research Center at FGV, of which he is the current executive director.

During his career, Mr. Furtado held positions as executive vice president of ABC-Bull, financial director of ABC Sistemas Eletrônicos and as director of business development at ELEBRA S.A.

Since 1994, Mr. Furtado has been a managing partner of CVF Finanças e Investimentos Ltda. Financial Strategy and Applied Economics consulting. He is a board member of NORSA-Refrigerantes do Nordeste S.A., a subsidiary of The Coca Cola Co. and the Jereissati Nordeste Group and Atento Holding, a Telefonica Group company based in Madrid.